Account Setup and Investor Identification
Can an investor open more than one account?
Yes, an investor can open different account types with different brokers, but he cannot open more than one account of the same type with the same broker.
What are the account types that may be opened on the SDC’s electronic systems?
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What shall the securities accounts registered at the SDC’s database include?
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The securities accounts shall include the following:
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The information and data related to the owner of the security.
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The balance of securities deposited in the accounts.
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The movements related to the transfers and ownership transfers of securities.
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Any ownership restrictions imposed on the deposited securities.
What is the difference between the investor account at the SDC (central registry) and the investor account maintained by the broker?
| 1. | Investor account at the SDC: an account that is opened on the SDC’s Database (central registry) to conduct transactions through the SDC. |
| 2. | Investor account maintained by the SDC’s broker: an account that is opened for the purposes of trading in securities in the ASE. |
What is the SDC number for the investor?
The SDC Number for the investor shall be as follows:
- Identity Card issued by the Civil Status and Passport Department.
- Passport issued by the Civil Status and Passport Department.
Why is it necessary to open an account?
Before the investor can buy and/or sell securities, and carry out any other transactions upon securities, it is necessary to open an account at the SDC database where the SDC issues a unique number for each investor called the "SDC Investor Number" by which the investor is identified in all parts of the SDC’s electronic systems and the securities’ ownership of investor is connected to that number.
How can an investor update/change his account information?
The investor can change or update information related to his account through broker or the SDC by submitting Change Investor Information Form supported with the necessary documents. Then the SDC update the required information. The investor’s information that can be updated: name, nationality and address.
How are investors identified on the SDC systems?
Investors are identified on the SDC systems in one of the following methods:
